I know many people do not like WisdomTree but they too have a Pacific ex Japan Total Dividend ETF (DND) and Pacific ex Japan Equity Income ETF (DNH). Both very fine funds with nice dividends. In the current environment dividends are nice.

I agree with Tom that Global Luxury is an area of interest. This global economic turmoil is working out well for the wealthy. I agree with Meredith Whitney (famed banking analyst) when she said the current circumstances are great for the wealthy and challenging for everyone else and that it will be tough being poor. The only thing I am cautious on with this fund is the $16 million in assets and that Claymore has closed up low asset funds. I look for ETFs with at least $ 45 million in assets.

Typically, the Sortino ratio is used in place of standard deviation which typically is quoted over 36 months. Hence, my use of the 36 months. You are correct though that longer time will tell a different story. But, the last three years have been interesting upside and downside.